Southeast Asset Advisors LLC Trims Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Southeast Asset Advisors LLC cut its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,722 shares of the business services provider's stock after selling 2,524 shares during the period. Southeast Asset Advisors LLC's holdings in Clean Harbors were worth $2,698,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ increased its stake in Clean Harbors by 2,650.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after purchasing an additional 159 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after acquiring an additional 103 shares during the last quarter. Assetmark Inc. lifted its position in Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after acquiring an additional 205 shares in the last quarter. Physician Wealth Advisors Inc. acquired a new position in Clean Harbors during the 4th quarter valued at about $56,000. Finally, UMB Bank n.a. raised its stake in shares of Clean Harbors by 30.8% in the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock worth $64,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 90.43% of the company's stock.

Clean Harbors Price Performance

Shares of Clean Harbors stock traded up $6.14 during trading on Friday, hitting $200.20. 563,271 shares of the stock traded hands, compared to its average volume of 339,464. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 26.98 and a beta of 1.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11. The firm's fifty day moving average is $206.23 and its 200-day moving average is $231.29.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter last year, the company earned $1.82 EPS. The firm's revenue was up 6.9% compared to the same quarter last year. Research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CFO Eric J. Dugas purchased 1,050 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of $191.38 per share, with a total value of $200,949.00. Following the completion of the purchase, the chief financial officer now directly owns 24,238 shares of the company's stock, valued at $4,638,668.44. The trade was a 4.53 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lauren States sold 308 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the transaction, the director now owns 11,918 shares of the company's stock, valued at $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,341 shares of company stock worth $663,041. 5.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CLH shares. Truist Financial cut their target price on Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Robert W. Baird lowered their target price on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Stifel Nicolaus reduced their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. UBS Group dropped their target price on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $260.40.

Clean Harbors Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.